If you frequently read articles in the The Guardian, The New York Times, or press releases from the Department of Justice, you know that the scope of U.S. international tax enforcement continues to increase and there are plenty of fish in the sea that will eventually be caught. For the biggest fish — willful offenders…

(As published in the Baltimore Business Journal on February 27, 2015) Yes, if 1) you are a U.S. citizen, resident alien, or certain non-resident alien that had an interest in a specified foreign financial account or asset (SFFA) in 2014; 2) the aggregate value exceeds the reporting threshold limits; and 3) one of your SFFAs…

In a tax season marked by significant confusion over the requirements of the Affordable Care Act as well as several important changes to Maryland tax law, it is more important than ever for taxpayers to remain vigilant when it comes to compliance. Part of that necessitates gaining an awareness of some of the most common…

Now that the height of tax season is upon businesses and individuals across Maryland, concerns about compliance and potential prosecution of tax crimes have returned to the forefront. When it comes to pursuing cases of suspected tax fraud, the Internal Revenue Service, Department of Justice, and the Comptroller of Maryland are known for their aggressiveness.…

Even though partnership tax returns are furnished for information purposes, i.e., no tax is due with this return, substantial penalties can apply for failure to timely file these returns. Aside from potential criminal penalties for willful failures to file, see Internal Revenue Code (“I.R.C.”) § 7203, a simple late filing can result in substantial civil…

Getting on the wrong side of the Internal Revenue Service is something most everyone wishes to avoid. The consequences of falling behind on tax obligations can be quite severe and may include collection methods such as tax liens, levies, garnishments and even criminal sanctions. Fortunately, the IRS has put in place a Fresh Start initiative…

Yes. Post-Appeals mediation is now available for OIC and TFRP cases nationwide to help resolve disputes after unsuccessful negotiations with the IRS Office of Appeals (“Appeals”). For OIC cases, mediation is available for the following issues: valuing assets (including those held by a 3rd party and dissipated assets), taxpayer’s interest in joint assets, future income,…

With millions of Americans preparing to file their tax returns in advance of the April 15 deadline, many are discovering that key provisions of the Affordable Care Act (ACA) are impacting their liabilities more than they anticipated. This can lead to unpleasant surprises for the unwary who may have been expecting a much larger refund…

The April 15 deadline is fast approaching for Maryland taxpayers, who can expect some new changes to the 2015 tax filing season. If you need assistance with your 2014 returns or professional tax audit help, Rosenberg Martin Greenberg can help ensure you stay in compliance with IRS requirements and avoid costly penalties down the road. In…

The start of the new year has brought Maryland, Virginia and D.C. metro area residents a host of new laws ranging from a hike in the state’s minimum wage, an increase in the gas tax, as well as the tax provisions relating to the Affordable Care Act, with which taxpayers across the nation must now…